CI Market Dashboard

We have put together a collection of market indicators and track them to help you gauge the direction of the market.


CI Analysis Worksheets

Interactive analysis templates covering DuPont analysis (return on equity), valuing stocks the Warren Buffett way, and more to come.


CI Blog Feed

Mac OS X 10.10 Yosemite Available Today
posted 6 days ago by Wayne Thorp

Apple’s Third Quarter Tops Estimates
posted 7 days ago by Wayne Thorp

Nokia Hurts Microsoft’s Earnings
posted 7 days ago by Wayne Thorp

WSJ: Ukrainian Conflict Hurting Tech Sector
posted 8 days ago by Wayne Thorp

Report: Apple Readying Production of iPhone 6
posted 8 days ago by Wayne Thorp



Rules of Attraction: The MAGNET Stock Selection Process

PRINT | | | | Add your comment! | A A   Reset

by Wayne A. Thorp, CFA

Most investment strategies, especially fundamental stock screens, typically have some sort of style “bias”—leaning more toward a value- or growth-oriented approach. However, Jordan Kimmel blends value, growth and momentum investing styles into a singular approach, which he termed the MAGNET Stock Selection Process. Kimmel is the managing member of the Magnet Investment Group, LLC, which has previously licensed its stock selection process to John Nuveen & Co. for unit investment trusts. Kimmel hosts his own weekly radio show “Profitable Investing With Jordan Kimmel.”

The MAGNET approach has been termed “CAN SLIM at a reasonable price.” The CAN SLIM approach is based on William O’Neil’s analysis of the 500 companies with the biggest price increases between 1953 and 1993. O’Neil quantified the characteristics of these stocks to form the CAN SLIM approach, which focuses primarily on earnings and price momentum. MAGNET does hold some similarities with William O’Neil’s CAN SLIM approach. However, MAGNET adds a value emphasis as well as a focus on revenue growth instead of earnings growth.

...To continue reading this article you must be a Computerized Investing Subscriber.

Gain exclusive access to this article and all of the benefits and investment education a Computerized Investing subscription offers.

SUBSCRIBE TODAY for just $24.
Log in
Already a CI subscriber? Login to read the rest of this article.

Subscribe
A subscription to Computerized Investing includes a monthly email and access to the CI Website, all of which aim to benefit your investing skills with respect to computers and the Internet.

  


Discussion

No comments have been added yet. Add your thoughts to the discussion!

You need to log in as a registered AAII user before commenting.
Create an account

Log In